Caledonia Mining Corporation (CMCL)

[NYBob]

Caledonia Mining Corporation Plc Results for the Quarter ended 30 September 2018

http://caledoniamining.com/pdfs/Q3%202018%20Press%20Release.pdf


Zimbabwe raises gold miners' forex allowances after output halt
15TH NOVEMBER 2018
BY: BLOOMBERG

HARARE – Zimbabwe’s central bank increased the amount of foreign exchange
that gold companies can retain after a shortage forced some mines to close.

Metal producers in Zimbabwe have been struggling to meet production costs
because of the shortage of hard currency. That forced RioZim to
temporarily shutter three of its mines last month, curbing a key source of
the country’s export earnings.

Gold miners will be allowed to retain 55% of their foreign-exchange
earnings, up from 30% previously, Reserve Bank of Zimbabwe John
Mangudya said in a phone interview Thursday from the capital, Harare.

“We have reached an agreement with the Chamber of Mines,” he said. “We
will continue to monitor the situation on the ground to ensure
viability for the sector.”

Zimbabwe produced 30.3 metric tons of gold in the ten months through
October, surpassing the government’s target for the full year.
The metal is Zimbabwe’s second-largest export after tobacco, according
to the World Trade Organization.

Under Zimbabwean law, producers including RioZim and Metallon Corp. are
required to sell all of their gold to Fidelity Printers and Refiners,
a unit of the central bank.

http://www.miningweekly.com/article/zimbabwe-raises-gold-miners-forex-allowances-after-output-halt-2018-11-15

In GOD We Trust -






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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless